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Futures Tumble On AI Spending Fears As Brent Hits 2 Week High

Futures Tumble On AI Spending Fears As Brent Hits 2 Week High US equity futures are lower, dragged by tech, following a report that OpenAI missed revenue and user targets and there growing internal pushback against Sam Altman's notorious aggressive spending (the company has $1.5 trillion in commitment it won't be able to meet), which is hitting semiconductors and the broader supply chain. AS of 8:15am ET, S&P futures are down 0.7% and Nasdaq futures dropped 1.2% as concerns resurfaced over whether the vast amounts of investment in artificial intelligence will...
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May 19, 2026 / Tyler Durden
New York Governor Signs Bills To Preserve Mandatory Vaccines
New York Governor Signs Bills To Preserve Mandatory Vaccines Authored by Zachary Stieber via The Epoch Times, New York Gov. Kathy Hochul has signed legislation to preserve vaccine requirements for children. Hochul, on May 15, signed two bills that decouple New York’s vaccine requirements from the federal government, after the Trump administration rolled back recommendations for hepatitis B and other vaccines. “When public health comes under attack by an anti-science administration, New York fights back,” Hochul, a Democrat, said in a statement. She added that the legislation “protects access to lifesaving vaccines for New...
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May 13, 2026 / Tyler Durden
"Completely Insane": Federal Govt Withholds $1.3BN In Medicaid Reimbursements To California, Citing Fraud
"Completely Insane": Federal Govt Withholds $1.3BN In Medicaid Reimbursements To California, Citing Fraud Authored by Lawrence Wilson via The Epoch Times, The Trump administration will withhold $1.3 billion in Medicaid payments to California due to potentially fraudulent billing patterns, Vice President JD Vance announced on May 13. The action comes among a host of others taken recently to crack down on fraudulent activity in Medicare and Medicaid. “We want to protect these programs for the kids and the families who need them. We want to ensure that the American taxpayer isn’t getting fleeced,”...
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Apr 16, 2026 / Tyler Durden
Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure
Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure Summary US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'. Hegseth: US forces are ready to restart combat if Iran doesn’t agree to a deal & strait blockade to continue for as long as it takes. Already 13 ships have been turned around. Iran's parliament speaker Mohammad Bagher Qalibaf calls ceasefire in Lebanon "as important as a ceasefire in Iran." Heavy Israeli bombardment of...
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